Medical Office Income
For Sale
$1,900,000
18031805 25th Street, Fort Pierce, FL 34981
Two-building portfolio with fully leased medical and office units, well-maintained interiors, and strong signage on a high-traffic corridor.
Property Size9,560 SF
Price / SF$198.74
Days on Market119
Property Features for 18031805 25th Street
General Information
Standard status
Active
Size
9,560 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$37,082
Amenities
3
52 Parking Spaces.
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Coastal Breeze Realty Corp
(772) 216-4717
Listed By:
Mary Zuver · License #B26047741
(772) 216-4717
Source:
Xome
Added: May 3
Changed: Aug 23
Last Checked: Aug 29 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Breeze Realty Corp
Investment Insights
Based on property information with market context.
This for-sale income property features two separate buildings with fully leased medical and office units. The offering includes 9,560 square feet of leased space across suites described in the remarks as well-maintained, with some units noted as renovated. With nearly an acre of site area, the buildings are positioned as a turnkey, occupied portfolio.
The property is in a high-visibility location on S 25th Street in Fort Pierce and is described as being minutes from Lawnwood Regional Medical Center, near the growing Regional Medical Trauma Center. The remarks also highlight excellent signage on a high-traffic road, supporting visibility for the medical and office tenant mix.
The property is in a high-visibility location on S 25th Street in Fort Pierce and is described as being minutes from Lawnwood Regional Medical Center, near the growing Regional Medical Trauma Center. The remarks also highlight excellent signage on a high-traffic road, supporting visibility for the medical and office tenant mix.
Key Highlights
- Two separate buildings with 7 fully leased medical and office units
- 9560 SF of leased medical and office space
- Nearly 1‑acre property with year built 1980
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,587,400
$2.6M
Cap Rate 7%
$1,848,143
$1.8M
Cap Rate 9%
$1,437,444
$1.4M
Market Conditions
NOI Build-Up for 9,560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$240.9K $25.20/SF
− Vacancy
−$25.3K −$2.65/SF
EGI
$215.6K $22.55/SF
− OpEx
−$86.2K −$9.02/SF
NOI
$129.4K $13.53/SF
Area
St. Lucie County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,587,400
Cap Rate 7%
$1,848,143
Cap Rate 9%
$1,437,444
Alternative Uses
Best Use
Healthcare Medical
$1.85M
$1.62M – $2.16M
NOI $129,370 @ 7.0% cap · market cap 6.81%
Second Best
Office B
$1.73M
$1.51M – $2.01M
NOI $120,800 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,294 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 34981, FL
4,494
Population
2,069
Households
2.2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
416
Density / Sq Mi
$64,052
Median Household Income
$37,188
Median Earnings
$1,402
Median Rent
$369,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-building portfolio with fully leased medical and office units, well-maintained interiors, and strong signage on a high-traffic corridor.
Where is this office units located?
The property is located at 18031805 25th Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two separate buildings with 7 fully leased medical and office units; 9560 SF of leased medical and office space; Nearly 1‑acre property with year built 1980
